Skillsoft | Latest News & Updates - Dec 11, 2024 Release
Skillsoft reported a strong Q3 performance with a reduced net loss of $24 million, positive free cash flow, and a 2% increase in talent development solutions revenue, while launching new AI tools to enhance learning...
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Skillsoft
🌎 skillsoft.comSkillsoft is a global leader in corporate digital learning, focused on transforming today’s workforce for tomorrow’s economy. The company provides enterprise learning solutions designed to prepare organizations for the future of work, overcome critical skill gaps, drive demonstrable behavior change, and unlock the potential in their people. Skillsoft offers a comprehensive suite of premium, original, and authorized partner content, including one of the broadest libraries of leadership & business skills, technology & developer, and compliance curricula, delivered through its AI-driven learning platform, Percipio.
Skillsoft - Latest News and Updates
- Skillsoft reported a strong Q3 performance with a reduced net loss of $24 million, positive free cash flow, and a 2% increase in talent development solutions revenue, while launching new AI tools to enhance learning.
- Skillsoft launched the State of Your Skilling Assessment tool to help organizations identify skill strengths and gaps.
- Skillsoft Global Knowledge has launched new AI training courses for business users, leaders, and developers to enhance AI skills across all levels.
- Skillsoft's AI tool Caisy will be used by Sopra Steria in January 2025 to provide coaching and reduce HR costs for its 56,000 employees.
- Skillsoft reported a 6% year-over-year revenue decline to $132 million, but improved adjusted EBITDA to $28 million and launched an AI Accelerator Program with Microsoft.
- Asha J. Palmer, Skillsoft's SVP of Compliance Solutions, emphasizes that effective AI risk management requires understanding employee interactions with AI, as shared on Corporate Compliance Insights.
- Michelle Vonderau has started a new dual role as Leadership and Business Content Evangelist and Customer Success at Skillsoft.
- Skillsoft's recent IT Skills and Salary report reveals that certified staff add $30,000 annually to organizations, with cybersecurity and cloud certifications being the most lucrative.
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